JULY 2025

Weelhouse Wire

Your monthly roundup from Weel HQ

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Welcome to the Weelhouse Wire, your insider digest for all things finance, ops, and innovation across Australia and New Zealand.

In this July edition, we’re diving into:

Media watch: 10 finance headlines shaking up FY26
NetSuite + Weel: All the details on this highly anticipated connection
Inside Weel: New features making finance sharper, simpler, faster
$33B fraud threat: How finance teams are fighting back

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Weel media watch: What we’re reading right now

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These stories sparked conversation at Weel HQ, so we’re passing them on to you.

Year-End Tax Moves: Stage 3 cuts, SG rise & EOFY deductions ahead(Accountants Daily)
Real-time super is coming: ATO greenlights 24/7 payments(Accounting Times)
SME Cash Crunch: 77% of SMEs face significant cash flow pressures(The Adviser)
NZ tax twist: Ute buyers face FBT sting despite instant write-offs(Deloitte)
FinTech Australia 2025 Report: SMB's gained $9 billion from fintech adoption (FinTech Australia)
AI assurance is here: PwC to audit your algorithms(Accounting Times)
Australia's Digital Wallet Market Set to Reach $35.71 Billion by 2029 (Research & Markets)
Payment Trends 2025 Report: The real-time advantage (Westpac)
All in with AI: 3 trends that will shape the ANZ financial services industry in 2025 (In AI Today)
NAB June 2025 Survey indicates improved business conditions (NAB)

NetSuite + Weel: A seamless integration

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We know this one’s been on your wishlist.

Weel now integrates directly with NetSuite, making it easier to automate reconciliations, reduce manual work, and close the books faster.

Here’s what you get:

No setup fees and full implementation support
Card transactions are exported as purchase cheques in NetSuite
Reliable bank feeds that reduce manual error and improve reconciliation accuracy
Two-way sync for Chart of Accounts, Departments, Classes, and Projects
Multi-entity support so you can scale without friction

If you’re on NetSuite and ready to streamline your close, we’ll help you get started. Book a demo or talk to your Success Manager today.

New in Weel: Designed to make your job easier

We’re not into flashy features for the sake of it. These updates came from customer requests, so if they save you time, you can give some kudos to your peers!

Out of office? No problem.

Keep approvals moving even when someone’s on leave. Assign delegate approvers and reroute all pending approvals with one click.

Learn more

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Illustration representing handling of reimbursements

Reimbursements, faster by default

Approved reimbursements now auto-fill with today’s date. No more manual entry, no more missed payments. Just quicker payouts, every time.

Learn more

Decline smarter

Wrong expense codes? Skip the back-and-forth. Add a comment when declining to coach submitters in the moment and cut down finance rework.

Want to learn more? Click here. Already using it? We'd love your feedback.

The $33B blind spot: How fraudsters slip past finance teams

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Invoice fraud isn’t rare; it’s routine.

It’s not just IT’s problem; scammers are targeting finance teams with increasing sophistication, and it’s working.

According to multiple surveys, last year alone:

Australian businesses lost an estimated $33 billion to cybercrime (Integrated ICT)
65% of finance leaders say they know someone who’s fallen victim toAP fraud (Eftsure)
Only 1 in 5 organisations verify bank details before making a payment (Eftsure)

The takeaway? Without airtight workflows and real-time checks, your AP process may be your biggest security risk.

Weel's AP automation platform helps close the gaps scammers exploit. With built-in approval chains, payment verifications, and no manual bank transfers, you reduce risk at every step of the payment process.

Whether you’re new to Weel or already using it, we’re here to help you tighten your AP defences. Book a demo or talk to your Success Manager to walk through it together.